Crypto Blog
Ethereum’s price has been on a steady uptrend in the last ten days, buoyed by growing institutional interest and optimism from retail investors.Meanwhile, the new ERC-20 token Bitcoin Minetrix has also generated buzz after successfully raising $2 million in its ongoing presale phase.The Ethereum Fear & Greed Index, a popular measure of market sentiment, currently sits at 55 – a noticeable shift towards “Greed” compared to recent neutral readings.
Investors will be watching this area closely, as it acted as dynamic resistance on October 1 and forced the price down aggressively. However, even though sentiment is bullish, risks remain since ETH has struggled around this price zone twice since August. Boasting a novel “Stake-to-Mine” model that rewards holders with mining credits that can be exchanged for hash power, Bitcoin Minetrix’s team aims to disrupt the growing cloud mining sector.Over 150 million BTCMTX tokens have been pledged to the staking pool, drawing the attention of influential cryptocurrency analysts like Michael Wrubel.With BTCMTX tokens still on offer for just $0.0111, many investors view this as a potential entry point for a project with huge potential.
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